Court orders November auction of LightSquared assets

10/3/2013 | PCWorld

LightSquared's story might be approaching an endgame after a U.S. bankruptcy court judge on Monday ordered that the company's assets -- including its valuable trove of wireless spectrum licenses -- be auctioned off Nov. 25, which would end its dream of becoming a national wireless service provider. DISH Network may turn out to be the big winner: L-Band Acquisition, a company linked to DISH, has bid $2.2 billion for LightSquared, which was backed by Philip Falcone's hedge fund. DISH wants to combine LightSquared's spectrum with its own to start its own terrestrial service.

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